USDCAD Daily Analysis – November 1, 2017

by ForexCycle.com | November 1, 2017 2:00 am
USDCAD failed in its attempt to break below the bullish trend line on the 4-hour chart and is now facing 1.2916 resistance. A breakout of this level could signal resumption of the uptrend from 1.2450, then next...

USDJPY Daily Analysis – November 1, 2017

by ForexCycle.com | November 1, 2017 2:00 am
USDJPY’s fall from 114.45 had completed at 112.95 already. The subsequent bounce would possibly be resumption of the uptrend from 111.65. Further rise to test 114.45 resistance could be expected, a breakout of this level could trigger...

AUDUSD Daily Analysis – November 1, 2017

by ForexCycle.com | November 1, 2017 1:59 am
AUDUSD failed to break above 0.7718 resistance and stayed in a trading range between 0.7624 and 0.7718. Near term resistance is at the top trend line of the price channel on the 4-hour chart. As long as...

GBPUSD Daily Analysis – November 1, 2017

by ForexCycle.com | November 1, 2017 1:58 am
GBPUSD continued its sideways movement in a range between 1.3027 and 1.3337, and is facing 1.3337 resistance once again. A breakout of this level could trigger further upside movement to 1.3500 zone. Near term support is at...

EURUSD Daily Analysis – November 1, 2017

by ForexCycle.com | November 1, 2017 1:55 am
EURUSD is in consolidation for the downtrend from 1.1879. Range trading between 1.1574 and 1.1685 would likely be seen in a couple of days. Near term resistance is at 1.1685, as long as this level holds, the...

EURJPY Formed A Double Top Pattern On 4-hour Chart

by ForexCycle.com | October 31, 2017 10:01 am
EURJPY moved below a major bullish trend line from 122.40 to 127.56 on its daily chart, suggesting that the upside movement from 114.85 had completed at 134.49 already. Further decline would likely be seen in the coming...

USDCAD Daily Analysis – October 31, 2017

by ForexCycle.com | October 31, 2017 4:20 am
USDCAD remains in the uptrend from 1.2450, the fall from 1.2916 is likely consolidation of the uptrend. Near term support is at the bullish trend line on the 4-hour chart, followed by 1.2780. As long as the...

USDJPY Daily Analysis – October 31, 2017

by ForexCycle.com | October 31, 2017 4:20 am
USDJPY broke below the bullish trend line on the 4-hour chart, suggesting that the uptrend from 111.65 had completed at 114.45 already. Further decline could be expected in the coming days and next target would be at...